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Plus the platform and research are available without a fee.

Learn everything you need to know about this stock broker by reading our full Moomoo review. Moomoo is a solid platform for advanced and active traders willing to stick to ADRs, stocks, ETFs, and options. The no-cost commissions, free level-two data, and access to foreign exchanges are big sells for experienced investors with specific needs. Additionally, moomoo offers access to Chinese and Hong Kong markets, a niche benefit for some investors. While it doesn’t offer mutual funds, bonds, crypto or forex, the securities it has on deck are commission-free. Plus the platform and research are available without a fee.

  • Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
  • Managed portfolios are designed to make investing easier and hassle-free.
  • And feeds can be customized based on positions and calendar.
  • You can also trade Hong Kong stocks; the commission is 0.03% of the invested amount or HKD 3, whichever is higher.
  • You can learn the ins and outs without risking real money.
  • In addition, Moomoo has no minimum deposit, and no extra platform fees.

One of the more promising platforms to appear on the scene in recent years is Silicon Valley based Moomoo, a wholly-owned subsidiary of Futu Holdings Ltd. N the past, getting started investing was cost prohibitive for many people. This brokerage seems to have very competitive offerings when compared to many of the other options out there. Interest rates for margin vary based on the federal funds rate. In addition to real-time information prices, you can also view ticker data and Nasdaq best bid and ask data. Unlike real-time quotes, delayed quotes often lag behind the real trading market by about 15 to 20 minutes.

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Historically, the S&P 500 index offers annualized returns of about 10%. If you used Moomoo to invest in an ETF based on the S&P 500, you could potentially see those types of returns. These days, though, there are a number of investment apps that allow you to put your money to work, starting from a small amount of cash and without the need to pay fees. Trading fees for stocks on Moomoo are as competitive as they come. While it doesn’t offer mutual funds, bonds, crypto or forex, stocks on the New York Stock Exchange and Nasdaq are commission-free. Its platform and research are available without a fee, and you don’t need to worry about account minimums.

Moomoo Inc reviews

That way, you can get to know what this stock trading platform has to offer. You can even log in with a Facebook or Google account ID. Using this app, you can easily trade stocks, bonds, options and ETFs all you want, without paying any commission fees at all. The platform was created specifically for U.S. customers. The content on Dumblittleman is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change.

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Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investor Junkie has advertising relationships with some of the offers listed on this website. Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. Investor Junkie strives to keep its information accurate and up to date. The information on Investor Junkie could be different from what you find when visiting a third-party website. There’s dozens of different filters you can apply to narrow a group of stocks. This is a useful starting point for research, and I like moomoo’s screener since it updates quickly and is easy to use.

Moomoo Inc reviews

After all, these platforms let anyone open an account and quickly trade while on the go, all without paying commissions. We may receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Learn more about how we make money and our editorial policies. You’re an active trader who only wants to trade stocks, ETFs, and options.

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